Likelihood to Recommend

Abila MIP Fund Accounting

Because I work in the FQHC world, I would recommend this product specifically for any business or end user within that field. This product allows people in this field to comply with federal reporting requirements, makes it easier to track grants, and allows for the slicing and dicing of financial statements in many ways which is important in this field. This product is good for most day to day accounting functions and is pretty robust as well for an FQHC. This product is probably less appropriate for large healthcare systems where you want to keep track of statistics which this product cannot currently do.

Vena Solutions

Vena has use across several business scenarios. We originally started with some basic planning solution to meet our needs and have significantly expanded the scope of our use of the tool into more sophisticated planning and forecasting and into consolidation based on the experience we've had with the tool. We are considering expanding the use of the tool as we see its ability expand beyond what we are currently using it for.

Likelihood to Renew

Abila MIP Fund Accounting8.8

Based on 35 answers

We are so used to this software there is no chance of us starting with a new software and re-learning every step.we are content with the software at this moment and feel there is no need to look for a new accounting software

We have been extremely satisfied with the Vena Solutions product and have been able to become more efficient in our budgeting, forecasting and salary planning processes, as well as adding functionality and accuracy that was not possible in the past. Administrators no longer have to keep track manually of each department's budgeted net, but can use a report created in Vena to report this information, as well as see which departments have not yet submitted information. Customer service has always been very responsive as well

Usability

Abila MIP Fund Accounting8.6

Based on 33 answers

The menu driven software is really user friendly. This makes training new staff the software run smoothly. Creating reports for board presentations, to do monthly reporting to funders and ease in transferring files to Excel are great

Support

Abila MIP Fund Accounting8.4

Based on 30 answers

We have been financially challenged in the last few years and we have always renewed our support contract, even if it was a financial stretch. The fact that Abilia has been flexible in their renewal accommodation has been greatly appreciated. Every single time we have needed help, it has been effective and efficiently delivered. The service team has worked well with our all skill levels of our staff and I have only heard positive outcomes in our 15 years. Never a bad outcome. I would say this an achievement Abila should be very proud of.

Customer support has been very prompt for both bug fixes and data loading. Enhancement requests have taken a bit longer to implement, but are within what we would consider a normal time frame compared to other software we use. I rarely have to wait long for an issue to be resolved

In-Person Training

Abila MIP Fund Accounting8.0

Based on 6 answers

There are no specifics on what happens if you make one choice or another to know which is the best selection. This is true for JVs and AP. In training we were not given specifics of what happens when one possibility is selected over another.

The Vena consultant had great knowledge of both the Vena solution and Excel and Excel functions. He was able to help suggest ways to build our templates that met our requirements using Excel functions we had not previously considered using. And we have been able to use the Excel information he provided in other ways outside of Vena. He was very patient and flexible as we learned the Vena tool and created templates

We spent about a year and a half in the selection process for our budgeting system. The issue that we kept coming across was speed, flexibility, and a lack of understanding of our process during the sales cycle. Most of these other products wanted us to change our budgeting process to fit their system rather than solving for our individual needs. Vena Solutions’ sales team had worked with other products (many of those listed above) before making the switch to Vena and as such were able to explain the differences and understand the frustrations with the other products. During implementation, our consultant understood our rather complicated processes and calculations easily. This product is extremely flexible and very easy to use and we can't wait to see where it takes us!

Return on Investment

It is positive when I can create reports that are easily utilized month after month for grant reporting. Each of our grants requires a little different format of data and MIP allows me to customize reports to easily pull information I need to satisfy grantors.

Faster financial reporting - Previously, consolidated reporting took place only annually or quarterly, with a significant time requirement. Now we perform a monthly consolidation within a few weeks of each month end.

Cost efficient cost reports - We do a biweekly cost report on each production which previously took someone a full day to perform and is now largely done automatically, freeing up time for our staff to do other work.